Newsman, commentator, and talk show host Bill O'Reilly spent much of his morning radio show excoriating both American oil companies and foreign oil producers for making allegedly making huge profits at the expense of the American people.
O'Reilly said that the big oil companies were a cartel that charged the "same price" and identified Exxon as having made a profit of $35 billion.
There were only five majors in the entire business and it was a myth that they participated in a free market, according to the commentator.
The host also criticized the American people for insisting on driving SUV's, encouraged the use of alternative fuels, and said that the U.S. should wean itself from dependency on the Middle East.
Source: KABC-AM.
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